South Korea's foreign currency deposits fell to $95.01B in March due to import settlements and USD sales.
South Korea's foreign currency deposits fell for a third consecutive month in March, reaching $95.01B. The decrease is attributed to increased import settlements by local companies and US dollar sales by individuals, with deposits in USD, Japanese yen, and euro all decreasing. Foreign currency deposits owned by companies dropped by $0.7B, and individual-owned deposits declined by $0.42B.
April 23, 2024
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